1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
Senate Intelligence Committee Receives Apology from CIA Director
Senate Intelligence Committee Receives Apology from CIA Director
Archdiocese of Milwaukee Ordered to Pay $1.35 Million Legal Bill
Archdiocese of Milwaukee Ordered to Pay $1.35 Million Legal Bill
Same-Sex Registry for Couples Upheld in Wisconsin
Same-Sex Registry for Couples Upheld in Wisconsin
Ruth Bader Ginsburg Says She Will Not Leave the Bench
Ruth Bader Ginsburg Says She Will Not Leave the Bench
Job Listings

Court Denies SEC Attempt to Broaden Charges Against BofA

facebooktwittergoogle_plusredditpinterestlinkedinmail

The Securities and Exchange Commission wanted to add an additional charge to its complaint against Bank of America, saying the that the bank failed to disclose what it called “extraordinary losses” at Merril Lynch to stockholders prior to the vote to merge with the company. After a one hour hearing on the issue, the judge ruled against the SEC saying that splitting the focus of the trial between two charges would be confusing to the jury. The SEC can bring this new charge in a separate trial.

The trial, which focuses on the $3.6 billion paid out to Merril executives in bonuses prior to the merger will go ahead as scheduled on March 1.

Court Denies SEC Attempt to Broaden Charges Against BofA by
facebooktwittergoogle_plusredditpinterestlinkedinmail

Tagged: , , , , , , , ,

Posted by on January 11, 2010. Filed under Home,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

Job of the Day
International Tax Associate
USA-NY-New York City

Prestigious foreign-based international law firm seeks 4th to 7th year U.S. tax associate for its New York office.  The candidate must have 4-7 years of experience in international taxation, pref...